Articles categorized by: Economy & Companies

Amazon purchases Souq, its alter ego in the Middle East

Amazon today announced the purchase of Souq.com a leading company devoted to e-commerce operating in the Middle East. Still subject to closing conditions, the acquisition is expected to close later in 2017. “This is a milestone for the online shopping space in the region,” said Ronaldo Mouchawar (CEO and Co-Founder, Souq.com). Souq.com is the largest […]

Selecta to create European vending leader through Pelican Rouge purchase

Selecta Group B.V. (Selecta), a leading European vending and coffee services provider, and Pelican Rouge Group B.V. (Pelican Rouge), a long established coffee services and vending company, today announced that they have signed an agreement to combine their operating businesses. Under the agreement Selecta will purchase Pelican Rouge creating a leading vending operator and coffee […]

Intel bets hard for AV through purchase of Mobileye

Intel Corporation and Mobileye N.V today announced a definitive agreement under which Intel will acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. A subsidiary of Intel will start off a tender offer to acquire all of […]

EATA inks MOU with the 5GAA and set to launch first connected and automated driving EU wide test this year

EATA (European Automotive Telecom Alliance) has signed a Memorandum of Understanding (MOU) with the 5GAA (5G Automotive Association), a global association bringing together the automotive and ICT industries on the vehicle and road transportation systems field. The aim is improving the global cooperation in these matters including the connected and and self driving vehicles area. […]